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$4,250,000
Est. payment /mo
13 Beds
12 Baths
6,792 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 6,792 sqft
Price per Sqft $625
MLS Listing ID 25620381
Bedrooms 13
HOA Y/N No
Year Built 1965
Lot Size 0.261 Acres
Property Description
We are pleased to present 1110 Barbara Street, a seven-unit apartment building located in the heart of Redondo Beach. The property features a desirable unit mix consisting of (1) three-bed/two-bath two-story home (approx. 1,400 SF), (4) two-bedroom/two-bath (each over 1,000 SF), and (2) one-bed/one-bath units. Four of the seven units have been recently and tastefully upgraded, showcasing modern finishes and high-quality improvements. Tenants pay their own utilities, and the units are currently enrolled in a RUBS (Ratio Utility Billing System) program that reimburses the owner for water, sewer, trash, and other shared utility expenses. This offering presents an excellent opportunity an investor to capitalize on strong rental demand and premium market rents in one of the South Bay's most coveted coastal communities with no local rent control and 17% rental upside potential on current rents. Residents enjoy the best of coastal living in a highly sought-after South Bay neighborhood, just minutes from world-class beaches, parks, restaurants. 1110 Barbara Street is available for individual purchase or in conjunction with 1100 Barbara Street. Please reach out to Seller's Agent for more information and the full marketing package.
Location
State CA
County Los Angeles
Area 156 - S Redondo Bch S Of Torrance Bl
Zoning RBRMD
Interior
Heating Electric
Cooling Electric
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Oven, Refrigerator, Dryer, Washer
Laundry Stacked
Exterior
Parking Features Door-Multi, Door-Single, Garage
Garage Spaces 11.0
Garage Description 11.0
Total Parking Spaces 11
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7507023022
Special Listing Condition Standard
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Listed by Nabil Awada Matthews Real Estate Investment Services #02046840
NEARBY SCHOOL & BUSINESS
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